The record profits cap a highly successful year for the company which owns the BenRiach, GlenDronach and Glenglassaugh single malt whisky brands. Profit before tax is up 24% and turnover at £41.5m, is up 17.6% on the corresponding figures from last year.
|BenRiach announce record £11.1m profits and £25m investment to expand the business|
When The BenRiach Distillery Company posted its first full year's figures in 2005, turnover was £4.62 million, pre-tax profit were £241,716 and the company employed just 12 people. The growth over the last eleven years has been impressive. GlenDronach distillery was purchased in 2008, the Newbridge bottling plant in 2010, and most recently, Glenglassaugh distillery was acquired in March 2013. The company now employs 120 people across its four sites.
Commenting on the news, Billy Walker, Managing Director at The BenRiach Distillery Company, said: “We’re delighted to announce record profits in our eleventh year and it’s all down to the hard work, passion and commitment of our people across our four sites. We continue to make significant strides in brand development where we are concentrating our efforts on the top end of market. We are an independent, boutique business and we see each distillery as having 'Grand Cru Chateau' provenance.”
He went on to say: “We are very much focused on the future and over the next two years we have ambitious plans for a significant investment of over £25m in the business. This is being done in partnership with the Royal Bank of Scotland whose support in recent years really has been magnificent.”
In the last twelve months, they were named Global Distiller of the Year by Whisky Magazine. The London Stock Exchange also highlighted The BenRiach Distillery Company as one of the top influential companies to inspire Britain.
Source: The BenRiach Distillery Company